News

What the mortgage process press and forums are saying · updated
From the press
HousingWire Mortgage section ·

Mortgage rates have gone wild, so what’s next for housing?

Rates near 7.5% plus volatility delivered a clear hit to weekly demand
HUD FHA Mortgagee Letters ·

ICYMI: HUD Hosts Innovative Housing Showcase on the National Mall, Highlights American Ingenuity, and Inspires the Next Generation of Skilled Workers

ICYMI: HUD Hosts Innovative Housing Showcase on the National Mall, Highlights American Ingenuity, and Inspires the Next Generation of Skilled Workers .pr a { font-weight: bold; } /* Container centers…
Scotsman Guide News ·

Why rising Treasury yields aren’t entirely bad news for mortgage rates

Experts examine the contradiction driving yields and rates higher The post Why rising Treasury yields aren’t entirely bad news for mortgage rates appeared first on Scotsman Guide .
National Mortgage News ·

House Dems seek extended comment period on Trump CRA rewrite

House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community…
DCCA Hawaii – Division of Financial Institutions (Learn more about Installment Lenders / 2021 New Law) ·

HAWAIʻI OFFICE OF CONSUMER PROTECTION ANNOUNCES SETTLEMENT WITH SUBPRIME AUTO LENDER CREDIT ACCEPTANCE CORPORATION

STATE OF HAWAIʻI KA MOKU ʻĀINA O HAWAIʻI JOSH GREEN, M.D. GOVERNOR KE KIAʻĀINA DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS KA ʻOIHANA PILI KĀLEPA NADINE Y. ANDO DIRECTOR KA LUNA HOʻOKELE OFFICE OF…
HousingWire Mortgage section ·

Compass asks MLSs to block listing data from recruiting tools

Letter seeks opt-out from non-IDX and VOW vendor feeds, with a 30-day deadline
HUD FHA Mortgagee Letters ·

HUD Announces Multiple Fair Housing Act Charges, Cuts Biden Backlog by 46%

HUD Announces Multiple Fair Housing Act Charges, Cuts Biden Backlog by 46% .pr a { font-weight: bold; } .img-responsive { display: block; text-align: center; /* Centers images inside */ }…
Scotsman Guide News ·

Consumer sentiment index records another sub-50 score in September

In survey’s 74-year history, there had never been a reading under 50. There have been four since April. The post Consumer sentiment index records another sub-50 score in September appeared first on…
National Mortgage News ·

Judge sides with UWM in tossing employees' 401(k) lawsuit

A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
HousingWire Mortgage section ·

Where builder discounts are biggest and who is still buying

Audience Town analyzed 201,000 sales across 25 markets and found every market sold below asking
Scotsman Guide News ·

Self-storage woes continue as sector works through oversupply

All but four of the nation’s largest metropolitan areas saw advertised rates fall in August: Yardi Matrix The post Self-storage woes continue as sector works through oversupply appeared first on…
National Mortgage News ·

7% rates? New tech helps LOs pivot to DSCR investor loans

New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
HousingWire Mortgage section ·

Proposal seeks to standardize MSR accounting for recapture values

Analysts say the change should boost transparency but is unlikely to move MSR carrying values
Scotsman Guide News ·

Shifting mortgage rate environment drove second-quarter rebound in downpayments

Rising rates are impacting which homebuyers can operate most effectively in today’s market: Realtor.com The post Shifting mortgage rate environment drove second-quarter rebound in downpayments…
National Mortgage News ·

What long-end crowding on the yield curve means for the Fed

As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
HousingWire Mortgage section ·

Gateless Smart Underwrite earns AZP Platinum AI certification

AZP cited 230,000 loans with no reported claims and a framework focused on governance and auditability
Scotsman Guide News ·

As protests mount, lawmakers push for more restrictions on data centers

Data center backlash continues to change the political landscape, pushing more politicians to advocate for new regulations The post As protests mount, lawmakers push for more restrictions on data…
National Mortgage News ·

How Chase, BofA, Wells are luring borrowers in a 7% market

Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
HousingWire Mortgage section ·

Experian integrates Verify with Workday for income verification

Experian says its Verify network has a path to cover more than 80 million payroll records across the U.S.
Scotsman Guide News ·

New-home sales rebound in August despite rising rates

Economists warn demand remains fragile as consumer sentiment weakens and borrowing costs surge The post New-home sales rebound in August despite rising rates appeared first on Scotsman Guide .
National Mortgage News ·

Bond selloff deepens after 30-year yield hits highest since 2004

A fresh jump in oil prices on Thursday lifted five- to 30-year Treasury yields to new multiyear highs, with the 30-year rising to levels just shy of 5.5%, the highest since 2004.
HousingWire Mortgage section ·

New Jersey looks to remove home interior photos upon buyer request

Failure to comply carries real consequences for licensees
Scotsman Guide News ·

It’s Freddie Mac official: Mortgage rates have blown past 7%

It had been more than 20 months since the 30-year fixed rate carried a 7-handle The post It’s Freddie Mac official: Mortgage rates have blown past 7% appeared first on Scotsman Guide .
National Mortgage News ·

HouseCanary files bankruptcy to collect $260 million from Rocket

Property data provider HouseCanary Inc. filed for bankruptcy to buy time to collect more than $260 million from affiliates of Rocket Mortgage, which were accused of stealing a computer model used to…
HousingWire Mortgage section ·

How mortgage brokers can tap into underserved VA markets

At AIME Fuse, VA lending experts addressed product misconceptions, targeted borrower outreach strategies and a creative renovation solution
Scotsman Guide News ·

Texas and Florida lead strong second-quarter growth for title insurers

Commercial deals pushed premium growth sharply higher: ALTA The post Texas and Florida lead strong second-quarter growth for title insurers appeared first on Scotsman Guide .
National Mortgage News ·

Agentic AI move slashes lender implementation time: Polly

The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
On the forums
My wife and I are first time buyers but we’re afraid we might be getting an offer to good to be true
r/Mortgages · 10 · 72
Got the keys! San Antonio, TX, 500k at 6.99%
r/FirstTimeHomeBuyer · 1144 · 144 GOT THE KEYS! - New Build 🔑 🏡
Why Are People So Opposed to Open Houses?
r/RealEstate · 51 · 130 Homeseller
We did it! Dallas, 736K, 5.75%
r/FirstTimeHomeBuyer · 561 · 65 GOT THE KEYS! - New Build 🔑 🏡
The AI staging has to stop
r/RealEstate · 822 · 127
Got the keys! North Chicago Suburbs - 800k @ 5.25%
r/FirstTimeHomeBuyer · 1257 · 97 GOT THE KEYS! 🔑 🏡
Anyone else annoyed at agents?
r/RealEstate · 77 · 88 Choosing an Agent
I did it Sacramento $799k 5%
r/FirstTimeHomeBuyer · 618 · 58 GOT THE KEYS! 🔑 🏡
Stop trying to "time the market" or thinking that you can
r/RealEstate · 73 · 111
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